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MEETING OF CREDITORS.

The first meeting of creditors in the estate of Frank Stent, watchmaker, of Dunedin, was to have been held at the office of the Official Assignee this afternoon, but as no creditors appeared the examination of the bankrupt by the Assignee only was proceeded with. Mr A. C. Hanlon appeared on behalf of the bankrupt.

Bankrupt's statement was as follows : Liabilities,,L62 7s Id ; assets (tools and furniture), Lls; deficiency, L 47 7s Id. The unsecured creditors are as under:—John Campbell, L 7 15s 6d ; William Wood, Lo"; James Taylor, L 9 6s ; Dr Brown, LI Is ; Peter Fraser, L 3 Is; E. Sounness, L2 3s 3d ; Henry Neill, LI 8s ; John Fraser, L 7; C. Hale, LI 0s 6d ; James Young, L2 15s ; Dr Martin, LI 12s 6d; Dr Teevan, LI 13s; William Aitkin, L 4 ss; T. Robertson, L2 9s ) Alfred Harris, L 5 5s ; and eleven other creditors for small amounts.

Bankrupt said that he was a working watchmaker and jeweller, and had worked at home off and on for the last six months. Since then he had endeavored to find employment at his trade, but had failed to do so. He had given up his employment in consequence of illness, and knew that the confinement would, if he resumed work, "properly settle him," He had been employed at the Palace Skating Rink for a year at 30s and L2 per week, but owing to a reduction being made in the wages he left the rink. The reason of his filing was that creditors threatened to put him in gaol if he did not settle with them. He had a wife and three children, and had no property. The debts had been accumulating for six years.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890801.2.16

Bibliographic details

MEETING OF CREDITORS., Issue 7974, 1 August 1889

Word Count
291

MEETING OF CREDITORS. Issue 7974, 1 August 1889

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